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RE: Are Cryptocurrencies Really a Threat To The US Dollar? By Gregory Mannarino
I do believe it is possible in our lifetime. If we all stay focused on what we are trying to achieve here. STEEM and blockchains I really believe in my heart can change the world. With great Steem Power comes great responsibility. Right now posts are only a few dollars and for us Americans that's great but not life changing yet. STEEM is already changing lives in places like Indonesia and India where 1 USD goes long. The world depends on us. We are all on the same team here. It will be an uphill battle though for sure brother.
Totally agree @thejohalfiles! I really see this platform transforming many lives...Especially in lower income communities...Steemit can certainly be utilized for no-fee transfer remittances...& that's awesome! But, not only just from a monetary standpoint, but also from a censorship free perspective as well...There is great freedom in decentralization...And cryptocurrencies help to achieve this...The rewards aspect is just the icing on the cake:)
Haven't thought about it this way until you mentioned this. Very interesting and well worth supporting!
nice analysis
as long as the us has military bases all around the world, dollar collapse is impossible
Unless the military is used to bring in a new currency. And what makes you think the military is going to defend our currency? When did that become their job?
The military is used to protect a country's interests. They will be ordered when necessary to fight, especially to maintain the relevance of the US dollar as the reserve currency. Just imagine what would happen if the US military didn't defend the currency. US dollars outside of the US would return to the US chasing after a limited amount of goods causing hyper inflation because other nations wouldn't need that many US dollars anymore. Also, the soldiers would be highly motivated to fight because by defending the US dollar, they are defending their own finances, they would not want the value of their hard earned money to hyper inflate.
I believe the elite want a new one world currency. It would be easier for them to control. The 2018 cover of the Economist Magazine showed a phoenix rising from the ashes of burning dollars. A gold coin was around the neck. I do not see the military defending our dollar. The dollar had depreciated in value since the Federal Reserve took over our currency. It is worthless. You would be better off in silver and gold.
I agree with you on us being better off by converting our dollars into precious metals because the dollar is constantly depreciating in value over time, and one day the US dollar may be replaced because of this depreciation, with precious metals we'll be able to convert it into the new currency if need be. However, I do believe the replacement of the US dollar (in terms of the currency used in the US) will be another fiat currency, unless US citizens completely oppose it and strongly support an alternative for it. Regarding the one world currency, I'm quite skeptical of it, as elites of other countries would have trouble surrendering control of their country to the elites of the US.
Blockchains could end up saving the USD some how. - or some form of it....time will tell.
Bitcoin or any crypto not controlled by the deep sate will never become the worlds reserve currency however that does not mean they are not a severe threat to the US dollar. Most likely we will see a fedcoin issued by the US and other countries are looking into their own centralized electronic blockchain based private currencies or perhaps we will see beastmarkcoin as a world currency (hehe) whereby govts track ,monitor,tax and confiscate everyones money at will,but even with that there will exist the underground cryptocurrencies that can never be stopped and as more billions pour into crypto that is less in dollars that the banksters can profit from so crypto as a hedge against toilet paper money and as a currency in and of itself is a huge threat to the dollar. Why buy airline tickets with dollars when I can use bitcoin? Why do we need dollars very often when more and more hundreds of thousands of stores accept crypto and you can be paid in crypto? Can you see how the dollar is getting squeezed here? I welcome the day.
Dreamer
This is interesting. Im just learning about it.
Me to
Awesome Platform!
Check out another view of the precious metals complex moving forward.
Dont forget to upvote :)!
https://steemit.com/silver/@sjovmaiin/gold-silver-and-the-correlation-to-oil-and-the-us-dollar
New to STEEM, good post.